[00:00:04] Broadcasting live from atop the Rocky Mountains, the crossroads of the West, you are listening to the Liberty Roundtable Radio Talk Show. The Honeyman, the honest money man, truth about interest rates, the economy, courts, we're just getting started.
[00:00:26] Happy to have you along my fellow Americans, I'm Sam Bushman, Kurt Crosby's with me, welcome to the broadcast, sir, known as your local honey man, localhoneyman.com. He's a long-time liberty-minded radio and TV personality, telling the tale of truth, welcome, sir. Buenos dias, greetings and salutations, howdy, howdy, howdy, thank you, Sam. You're very welcome, we go from the honey man to the money man.
[00:00:54] Heath Perkins with us with the Honest Money Report, welcome to the show, sir. Thanks for having me back, Sam. Man, I like money and I like honey, how's that? There we go. All right, there's so much going on, the economy is showing signs of slowing through weaker job growth, they say. The U.S. added only 57,000 jobs in June, and the Labor Department reported weaker than expected.
[00:01:23] Payroll growth while revising prior months as slower, signaling a cooling in the labor market. Then they say markets react to slowing economic and employment growth. And it shifted expectations for interest rates and a whole lot more. Heath, let's go to you first on this topic here. It's interesting to me. They always release these unemployment numbers, and then what they do is they revise them later.
[00:01:50] And oftentimes they revise them down, down, down, down, down, down. And it really brings up the question when that happens over and over. Are they lying because they know that it'll spike the economy at first? And they also know that when you release news, it's big time. And then when you release a correction, nobody knows, nobody cares. And so they get kind of the bang or the boom out of that, I don't know what you want to call it, shot in the arm economically speaking. And then, hey, on the back end, if we admit the truth that, hey, it was only way less than we thought it was. Biden did it. Now Trump is doing it. They've done it through, you know, Bush did it.
[00:02:20] Reagan did it. I mean, they've all been doing it. But to me, that's disaster to do that because it manipulates the economy, Heath. Yeah. But ultimately, if money can be made at something, and with that announcement, a lot of money gets moved around. But if money can be made at something, you know it's going to be manipulated. You know, the job numbers have always been revised. And like you said, they've always been revised. And it's usually a lot lower than what they've claimed.
[00:02:51] So it's not surprising. It's just another form of manipulation that is easily monetized due to the markets. It's just a huge focus on that. Every single month. So it's, you know, not surprising at all. Kurt, I want you to chime in on this. What do you say to this?
[00:03:15] Well, at least the thing to me that makes it different than normal, I guess you'd say normal years when you have the government media, the insider, the king men, Canada media, you know, running things, then they would always pump it up at first, and then the real number would be lower. Now it's just the opposite. They pump it down, and then the real number is higher.
[00:03:44] But that's because, you know, of the, you'd just call it Trump derangement syndrome, you know. TDS.
[00:04:16] TDS. TDS. TDS. TDS. TDS. TDS. TDS. TDS.
[00:04:45] TDS. TDS. TDS. TDS. TDS. TDS. TDS. him for that but i will say this kurt it's interesting to me when that happens most people they don't just go you know to big corporate employers a lot of people become entrepreneurs and a lot of people start their own small businesses and a lot of people find other
[00:05:13] jobs that may not show up in these reports as well um showing a little bit better economic spike than might be uh at first appear right well exactly and and at least along that line i remember the old joke you'd see this guy uh standing there he's like a waiter at some fancy political event and the politician's like man we created you know a million new jobs and the waiter's standing there and there's
[00:05:41] a little caption above his head and says yeah and i got three of them uh but the main the main point at least to me what we're seeing now compared to the normal you know government administration as you see much less regulation more enhancement of freedom you know i mean just less bureaucrats to
[00:06:06] make life rough and hopefully we've got several years to even improve on that metric and have even less bureaucrats and professional d-gooders as well the semiconductor industry uh is the one that's kind of leading the market pullback they say technology and chip makers shares retreated as investors are re
[00:06:32] evaluating or reassessing the uh expectations for the second half of 2026 so they're watching for a second half slowdown if you will yeah go ahead you're good good thing on that uh president trump sent out a truth this morning about 48 minutes
[00:06:58] ago said how about this micron a great american company announced that they are putting in 250 million dollars into the trump accounts for the future benefit of children their stock went up nine points today he says thank you micron for this and djt you know so at least to me um you know that's the
[00:07:21] semiconductor boys right yeah uh local one too uh yeah we we've um i think a lot of people are are a little bit leery right now of how the stock market has truly reached heights that we've just never seen um and some of the the computer chip manufacturers and some of the these these groups like nvidia and
[00:07:46] others like they're top stocks and due to that like there's a lot of concern of you know the top dogs being some of the ones that have a lot of a lot of that first initial drop um if we do have a market pullback um usually economically speaking like in the past you you see your troublesome
[00:08:07] times hitting around october um uh the the 29 crash was in october um you had the the federal reserve they did the the repos starting in october in 2018 um october seems to be the month where things start to manifest when it comes to the economy showing its weaknesses and it's it's the the chinks in the armor
[00:08:34] so yeah they always call it october surprise right yes indeed i think you're right and i don't know if they're going to try to manipulate that before the midterm elections because you know that might you know if they manipulate it right go in favor of the democrats because it's all perception perception perception and so i hope they don't have a a you know game playing reality there that might be election uh manipulating i wouldn't it wouldn't surprise me if they did that but tariff battles are in the news
[00:09:03] because they're shifting economic debate as well you know ongoing disputes over the tariffs the inflation etc so i don't think a pullback to some degree if it's just a little bit of a pullback i don't think that'd be a bad thing i think that might tame or put a tamp or a tamper on inflation and stuff like that then the federal reserve might lower the interest rates a little bit some of that i
[00:09:24] think might be welcome kurt well you know uh i mean uh so much it's like you said all depends on how it's used or whatever uh it's amazing to see the the differences and you know we've been pro tariff what ever since we learned the word tariff right yeah pretty much absolutely and we remain pro tariff
[00:09:50] by the way and it's sad to me that you know the supreme court didn't really pitch a lot of that back to congress and say look congress and trump get together and solve this tariff thing congress has responsibility to organize and carry out the tariff laws but the president absolutely has to day-to-day carry out those laws and so y'all get together and and figure it out and you know i really think congress is the one that's missing uh in that picture congress needs to come to the table codify a lot of what trump wants to do then trump wouldn't be pushed all over the map we can blame
[00:10:20] trump but at the end of the day he's trying to do his very best to implement what we know to be a founding father-esque way to generate the appropriate money for the limited proper role of government and what we need is congress to double down and back the president and stabilize this thing the sooner the better by the way oil's in the news when we get back we'll get an oil update we'll also talk to heath about what's happening in the gold and silver markets kind of strange we'll tell you about it but
[00:10:45] it's an awesome time to get involved at freewatercoinco.com sam the money man the honey man in seconds imagine a school where faith and integrity are at its center where heritage and responsibility instill character where educating both hearts and minds brings about academic excellence
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[00:12:25] freedom ideas action all right liz better plug her ears we're gonna get crude on your radio you okay if we get crude kurt crude oil huh yes sir i'm just kidding all right crude oil ladies and gentlemen i guess are easing based on diplomatic signals from the middle east crude prices moved
[00:12:54] lower lower lower as traders are responding to implications that there's improving diplomatic conditions involving iran trump's been telling this telling us this for a while and now we're starting to see it in the markets heath yeah you definitely are um cruise down to about 67 or 68 in that range so we've dropped significantly since um you know the war's kind of come to a little bit more of a
[00:13:23] ceasefire a little bit more of a um controlled area but yeah you you're seeing that you're seeing the markets um gain a little bit of perspective um we've had a lot of pullback in the gold and silver market um due to the stability which um it's been interesting because like it's it's been doing a lot of opposite things versus what it normally has been doing in the past so with the war we actually
[00:13:48] saw the price of gold and silver drop with the price of crude going up we saw gold and silver drop with the price of crude going down we've seen gold and silver drop it's just it's it's a very interesting market right now um there's not much that's out there that can kind of give you precedence as to what what to expect um but we seem like we've come we're coming down onto a uh a testing a a new floor
[00:14:14] in the uh gold and silver market to see if that's has enough strength to keep pushing that forward um and upward so yeah it's been good all right what do you think about this kurt do you think uh oil is going to keep going down i think so well you know sam uh there's so many parts to the picture
[00:14:35] it seems like to me i've got a a buddy of mine that i call him the balloon man and uh he's got he's got a ford lightning it's a pickup yeah it's made by a board that basically you know is electric and he says man i you know when i got that thing i found out that i'd save enough in fuel to pay the payment
[00:15:01] and he's he's i wouldn't say over the moon about it but he's pretty happy about it so you know you have these other parts that are playing playing a role in this whole oil and gas thing that i think is cool uh when you when you if you get the government out of it let the private sector take over and you don't you know encourage anybody to get an electric car by giving them tax breaks you don't
[00:15:31] encourage somebody to have you know a natural gas vehicle but you just leave get the government out of it it's amazing what can happen with the market i believe you got that right the court here with regards to government agencies trump can fire who he wants he can put the apprentice in government and i want to see it happen i wish we had a tv show talking about all the government
[00:15:58] officials getting let go and fired left and right i'm gonna be a great reality of the apprentice goes government you know it'd be awesome to watch but nevertheless so they supported trump in that but they also then shut down trump when it comes to the federal reserve they believe the federal reserve should quote be independent um i don't really know what that means it says federal reserve
[00:16:21] independence remains in focus and then they say you know there's lisa cook uh she can remain in office while disputes are happening and um you know it's a big old debate but i don't really understand much of that um because congress doesn't have authority to just create an independent agency that the executive the chief executive of the nation doesn't have the authority to oversee you see the president has
[00:16:46] oversee authority he has day-to-day action carry out the laws well congress doesn't have authority to make laws that basically checkmate take the president out of those decisions kurt well you're exactly right and if you want to really talk about the federal reserve you gotta you gotta look at you know what i mean we started that thing i shouldn't say we i mean there's so many of us that weren't
[00:17:12] really part of it but 1913 and you know we and andrew jackson showed us the way by basically eliminating an earlier central bank for america and we got to do the same thing in this case uh president trump wouldn't be too upset with uh those guys if he didn't have to deal with them just get rid of the
[00:17:36] federal reserve and go back to honest money in america and you know if you're if you're wanting a step in the you know in between direction you use the united states notes that uh jfk and abraham lincoln used and you know when you print up money it doesn't have to have interest attached article one section 10 says no state shall make anything but gold and silver coin a tender and payment of debts
[00:18:06] it's easy to understand what we're supposed to do but uh i guess it's only easy out here in the country to figure that out well he what do you think is going to happen interest rate wise they kind of on one hand put the president in check i don't think they have constitutional authority to do that that's where the courts kind of run amok and i personally think judges ought to be impeached over this but what do you think is going to happen they say federal reserve the independence
[00:18:32] remains in focus and uh this fed chair the new guy what's his name kevin how do you say it warsh yeah warsh i guess you know kevin warsh um he you know reaffirms his two percent inflation goal i don't want two percent inflation that just means that every uh you know however long it takes i mean just
[00:18:55] in other words i got to increase my employees pay two percent with their two percent just to keep them at the same rate if i don't give my employees a raise because i can't afford it then my employees start losing two percent every year um and that's two percent just in inflation but then they manipulate the inflation numbers if they decide i can't have steak today i'm gonna have hamburgers instead then and they change all those things you can't buy charmin tp you gotta buy the one ply stuff
[00:19:22] and then they're saying you're just buying tp it's the same but they're playing games and what it really means is my employees unless i can afford to keep up and pay them they're getting the shaft heath yep um yeah so this system is designed to really help the uber wealthy um what i mean by that is you have these individuals who have mega mega large accounts and the only way you can continue to
[00:19:47] pay interest into those accounts is if you can create more money uh by creating more money um you have to have this two percent inflation so the inflation is is the side the side effect of adding more money to the money system but these large accounts can't continue to grow and can't continue to add interest to these accounts even though they're not even spending the interest that's being earned so these accounts will always grow larger they will never diminish um by pulling that interest out of the base
[00:20:17] uh of society and putting into these these very large accounts so like this this was how they sold central banks back in the day to to wealthy um i said landowners so so your monarchs and stuff were told hey we can show you how to become not just land wealthy but also cash wealthy and how you can tax higher amounts without the citizens knowing you're taxing higher amounts and that's inflation so
[00:20:43] that there's a whole this has been going on for a long time this is one of the greatest pitches the world's ever seen when it comes to keeping the the the wealthy well-to-do in every aspect not just land but in in the cash side of things as well and you can't have that without a a central bank that continues to issue additional money um and cause that two percent inflation every single year well i'm only for
[00:21:11] increasing the money supply if they put it in sam bushman's account let me be the one to spend it into existence i'm just kidding ladies and gentlemen that's the problem right heath what do you think interest rates are going to do and then what's the honest money report sir uh honest opinion interest rates if if they don't stay flat i'm going to see them go up um you're going to start seeing more of of the this trying to fight inflation that we're seeing we're seeing more we're seeing consistent
[00:21:37] uh increases in prices across every aspect of society um i mean fuel even though we've seen it drop down to less you know a drop of 30 plus percent you haven't seen that at the pump um these these prices are price sticky um you're you're not going to get what trump really wants which is a good amount of drops in interest rates due to how much excess excess of money has been entering the market
[00:22:07] um we have to rein in how much money and how much borrowing and how much new debt we're issuing uh to create that new money um or else we're just going to continue doing the same thing which is um having more inflation which you can only fight with inflation with removing money out of the money supply and that's charging higher interest rates so i don't see um us really dropping things um dropping
[00:22:32] interest rates encourages spending encourages um you know people going out and getting loans and stuff like that um and not tightening the belt as much um where raising interest rates you've got to tighten that belt um but it does pull more more money out of the market which is what would help reduce the amount of inflation we're seeing so it's kind of a catch-22 um amen all right give me a quick honest
[00:22:56] money report sir where's gold silver sitting gold is sitting at 4139.10 and silver is sitting at 61.99 kurt it's time to buy man it's down from its highs well it simply just means you know it's the
[00:23:19] old shell game but the basically you know the answer is like you say get whatever you can of honest money uh you know and it's always been good uh you know i know the stock market sounds really exciting but i'll tell you what stocks have literally been worth zero in their lifetime and you know so get your silver gold and uh encourage folks to understand what honest money is that gold and silver the
[00:23:48] constitution and the scripture for what 5 000 years ladies and gentlemen the dollar is what fluctuates i know we say gold and silver are down and they've taught us to talk that way but the truth is gold and silver for the most part holding incredibly steady and the dollar is just all over the mask ladies and gentlemen that's the reality check heath perkins thank you so much my friend we'll have you back
[00:24:12] sounds good thanks sam thank you heath freewatercoinco.com you've got a well just call the money man he'll help you out with honest money freewatercoinco.com sam and kurt continue in seconds you're watching the one and only liberty roundtable live
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